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Taipei / Bloomberg Taiwan cut its benchmark rate for a third consecutive quarter as an export slump showed no signs of recovering and has begun weighing on the labor market. The central bank lowered the benchmark discount rate by another 12.5 basis points to 1.5 percent, it said in a statement Thursday in Taipei. Twenty-five of 26 economists surveyed by ...

His Highness Sheikh Mohammed was briefed by Helal Saeed Al Marri, Director General of the Dubai World trade Centre Authority, who explained that the One Central project, which is being built on land area estimated at more than half a million square meters in the vicinity of Dubai World Trade Centre, includes buildings, residential, hospitality and commercial towers, recreational and ...

DUBAI / Emirates Business The Noor Dubai Foundation concluded its therapeutic mobile eye camp to prevent blindness in Worabe-Silte Region – The republic of Ethiopia. This is Noor Dubai’s second mobile eye camp in Worabe and the first mobile eye camp organized in 2016, with the support of Dubai Islamic Humanitarian Foundation. The camp was held from March 10-15 during ...

Abu Dhabi / WAM ADNOC Distribution has launched an initiative to encourage female customers to register for ADNOC Wallet accounts. As part of the drive, eight female promoters have been commissioned for the four service stations participating in the pilot phase of the programme from March 22 to April 21. The promoters will work on morning and evening shifts to ...

Bloomberg As an opposition lawmaker in Canada’s parliament seven years ago, Justin Trudeau criticized former Prime Minister Stephen Harper for making government “totally absent from the defining issues of our time.” In his first budget as prime minister released on Tuesday, Trudeau put the federal government back at the center of the nation’s economy with almost C$120 billion ($92 billion) ...

Geneva / AFP No foreign power should be permitted to interfere in the ongoing Syrian peace talks in Geneva, the lead government negotiator said, denying that high-level US-Russian meetings in Moscow will impact the process. “When we say that the dialogue must be between Syrians, without outside intervention, this also applies to the Russians and Americans,” Bashar Al Jaafari said. ...

BEIJING / Reuters China’s campaign to slim down its bloated industries could be derailed by more than $1.5 trillion of debt in its steel, coal, cement and non-ferrous metal sectors, which threatens to overwhelm local banks. Tackling industrial overcapacity has become a priority for Beijing to make its slowing economy more efficient and address a supply glut that has hammered ...

Bloomberg Some of the biggest shareholders of Deutsche Boerse AG are cautioning management not to overpay for London Stock Exchange Group Plc if a counteroffer emerges, according to people familiar with the matter. Intercontinental Exchange Inc. is contemplating a bid for LSE, which last week agreed to a deal with Frankfurt-based Deutsche Boerse. The German exchange would get 54 percent ...

Brussels / AFP Two suicide bombers who struck Brussels were identified on Wednesday as brothers linked to the prime suspect in the November 13 Paris attacks, as a manhunt for a third assailant in Belgium’s bloodiest terror assault gained pace. A day after the triple blasts that killed some 35 people and left around 250 injured, in an operation claimed ...

Sydney / AFP Australian Prime Minister Malcolm Turnbull said on Wednesday that Europe had “allowed security to slip”, as he questioned the EU’s Schengen passport-free zone in the wake of the Brussels attacks. Turnbull’s comments came as Belgium’s neighbours France, Germany and the Netherlands tightened border security after some 35 people were killed in Belgium’s worst extremist assault. Security at ...